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Prepare Cash A/c, Bank A/c, Purchases A/c, Sales A/c and Capital A/c. and balance the same in the books of Madanlal. 2019 Aug. 1 Started

Prepare Cash A/c, Bank A/c, Purchases A/c, Sales A/c and Capital A/c. and balance the same in the books of Madanlal. 2019 Aug. 1 Started business with bank balance 40,000. Purchased goods from Aseem worth 2 3 4 5 6 7 8 9 10 19 27 15,000 less 10% Trade Discount. Sold goods to Arun for 8,000 for cash. Paid Rent 3,000 and Electricity bill 500. Purchased 100 Shares of Perfect Technologies for 55 per share and paid Brokerage *250 by transfer through netbanking. Withdrawal of goods for personal use  500. Sold goods for cash 5,000 less 10% Cash Discount. Deposited cash into Bank  2,000. Paid 3,000 for daughter\'s tuition fees by Debit Card. Purchased a Table for 2,000. Received 1,500 by selling the scrap. Paid cash into bank in excess of 2,000

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